Economy
India supports a mixed economy, most of which is generally in the control of private enterprise. Since 1951 the country has had a generally steady rate of economic growth. Agriculture is a significant sector of the economy. India's leading crop is rice, a staple foodstuff for many Indians, followed by wheat, sugarcane, tea, cotton, jute, cashews, coffee, and spices. The raising of livestock is also important, primarily for use as beasts of burden, or for wool or dairy products.
India ranks among the world leaders in the production of many of its mineral and precious metal resources. Textile production is the leading manufacturing industry of India. Other important sectors of manufacturing include processing of agricultural products and steel products. The rupee is India's basic monetary unit (44.75 rupees equal U.S.$1; 2000).